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1060 W Dawn Drive Tempe, AZ 85284

4 Beds 3 Baths 2,248 sqft Built 2007

INVESTimate

$399,900

List Price

$1,900

$1,710 - $2,090

Rent Est.

$417,935  ( +4.51%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2007
  • Price/Sqft : $177.89
  • 6 Days on Market
  • MLS # : 6120984
  • Updated Date : 08/21/2020 at 16:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,248 sqft
  • Baths : 2 full , 1 half
Listing Agent

Market Edge Realty, Llc

Listing Agent's Description

Gorgeous home in the heart of Tempe--Close to shopping, and great freeway access, and the highly sought-after Kyrene School District! Located in Tempe's 85284 at Priest and Warner. This home is two story with stucco walls and a tile roof in a gated community. The home has a kitchen, dining room, family room, living room, breakfast bar, breakfast nook, laundry room, and four bedrooms. The kitchen has granite countertop, stainless steel appliances, and tile in all the main living spaces. The master bedroom has a large walk in closet and private bath with gorgeous tile shower. Home comes with washer, dryer, and fridge with the rent! No pets, no section 8. The home is ready for immediate move in!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Mills - Emerald

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $109k491k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Mills - Emerald

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000210022002300Rent in $10002374

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Kyrene De Las Manitas School Primary Regular 597 37 6
Kyrene Del Pueblo Middle School Middle Regular 829 50 8
Mountain Pointe High School High Regular 2,685 111 3

Kyrene De Las Manitas School

  • Education Level: Primary
  • # of students: 597
  • # of teachers: 37
6
GreatSchools Rating

Kyrene Del Pueblo Middle School

  • Education Level: Middle
  • # of students: 829
  • # of teachers: 50
8
GreatSchools Rating

Mountain Pointe High School

  • Education Level: High
  • # of students: 2,685
  • # of teachers: 111
3
GreatSchools Rating
 

$359,910$439,890$399,900

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,475
Property Tax -$296
Property Insurance -$71
HOA -$73
Property Management Fees -$99
CASH FLOW
-$115

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$399,900

PROJECTED PRICE

$1,900

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 4.51%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,724

INVESTMENT

$111,724

Down Payment
$99,975
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,475

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$17,999

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,900

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,995

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8953$1,9004$2,1005$2,100
$2,100
RENT COMPS ANALYSIS
  • 1060 W Dawn Drive Tempe, 3
    • 4 beds 3 baths ∙ 2,248 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,248 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.85
    •  
  • 1103 N Poplar Drive Chandler, 1
    • 4 beds 2 baths ∙ 2,050 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,050 Sqft ∙ Built 1993
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.85
    •  
  • 380 W Palomino Drive Tempe, 2
    • 3 beds 3 baths ∙ 2,158 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,158 Sqft ∙ Built 1994
    LEASED 09/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.88
    •  
  • 819 N Alison Way Chandler, 4
    • 4 beds 3 baths ∙ 2,328 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,328 Sqft ∙ Built 2015
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.90
    •  
  • 1182 W Amanda Lane Tempe, 5
    • 3 beds 2 baths ∙ 2,279 Sqft ∙ Built 1994 3 beds 2 baths ∙ 2,279 Sqft ∙ Built 1994
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.92
    •  
PROPERTY LISTING DETAILS
Jennie Miller
Market Edge Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120984
Last Updated: 08/21/2020
support@investimateroi.com

Indicates a property listed by a real estate brokerage other than HomeUnion/Investimate by Mynd. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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